Mihai Tanasescu: the decision to postpone the adoption of euro is correct / The economy is still recovering 

The debate on the optimum time to adopt the euro is older and the crisis proved that the EU has its own challenges it needs to face. Adopting euro is an ambitious plan and for an economy that is still recovering, like Romania’s, the decision to postpone the moment is correct, Romania’s representative to the IMF, Mihai Tanasescu declared for HotNews.ro.

This is a national project that will be implemented irrespective of which party is ruling, Tanasescu said. He said that the project needs to be firstly understood, then accepted and only afterwards implemented. According to Tanasescu, to join the euro zone with minimum risks Romania needs to take its competitiveness level to that of the EU which takes some time.

Tanasescu arrived in Romania for a few days for talks regarding the first evaluation of the agreement with IMF. In his opinion Romania needs to accelerate reforms of state owned companies and continue the fiscal reforms and strengthen fiscal stability.